Anyone own a Kindle?

Does anyone have a Kindle? As an avid reader I am starting to run out of space in my apartment. I can't throw any away as I have too many favorites that I go back to from time to time. So I was thinking about getting a Kindle.

Does anyone have one? What are your feelings/experiences with using one. I'm all for embracing modern technology, but I do like the feel of a book in my hands.